IMO >< This is my take on why we are seeing some renewed interest in NRZ
Reading through all the latest ASX announcements.
Some must be thinking that NRUP Stage 2 Operations and Project is gaining some traction !
If this Bankable feasibility mooted is approved and cash flow commercial, plus there appears Deals in place then NRZ has a potential money making business.
With Samsung as your client that's a huge safe source of income.
DYOR Just my Point of View !
----------------------------------------
Extracts form ASX
April 24 NRZ has $2 Million in Cash but committed to Leaseback at known Terms
Partnership with Samsung C&T
On 6 February 2024, the Company announced the signing of a term sheet for the negotiation in good faith of a Sales and Marketing agreement with Samsung for the Australian urea market. The intention of the term sheet is for both parties to sign a definitive agreement regarding the marketing by and sale to Samsung of up to 100,000 tonnes per year of urea from the NRUP, which could be increased to up to 300,000 tonnes per year.
As detailed in this announcement, the term sheet is NRZ's first collaboration with Samsung with the potential for additional collaborations in the future. On 21 February 2024, the Company noted a possible early urea distribution arrangement between NRZ and the reputable international trader where the parties were discussing the purchase and resale of a substantial initial shipment of urea, which would be profitable for both parties. As these discussions are at an early stage, a formal agreement may not eventuate. These discussions are ongoing, and NRZ continues to investigate potential buyers and storage and transport details to determine suitability.
NRUP Stage 2 Operations and Project Update
NeuRizer continues to work with the Engineering and Procurement contractor and partner (DL E&C Co Ltd - DL) on the Bankable Feasibility Study. NeuRizer announced on 21 February 2024 that it had agreed with DL to change the manner of contracting for the NRUP, resulting in further work being required for a satisfactory feasibility study to be completed
The Company continues to work on potential strategic transactions (refer above and ASX release dated 15 April 2024) with the aim of generating positive cash flows. If successful,this will enable the Company to meet its obligations with DL.
NRZ Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
(20min delay)